Twelve Oaks 2 Tara Condominium

Key facts from Twelve Oaks 2 Tara Condominium's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Document title and Section 2: 'submits t)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) as it exists on the date of recording this Declaration (Section 2)

Assessments & dues

Initially guaranteed not to exceed $375.00 per quarter ($125.00 per month) from recording until Dec 31, 1994; then $431.25 per quarter until Dec 31, 1995; then $495.94 per quarter until Dec 31, 1996 (Section 10.13)

Special assessments

Allowed; for common element alterations costing more than $5,000 in any calendar year, majority approval required; after casualty, special assessment may be levied without owner approval if insurance and reserves insufficient (Sections 10, 11.6, 16.2(B))

Collections & liens

Association has lien on condominium parcel for unpaid assessments, including interest, attorney's fees, and costs; lien is perfected upon recording a Claim of Lien; subordinate to first mortgage, superior to other liens; foreclosure action (Sections 10.8, 10.9, 10.10)

Reserves & fees

May include amounts budgeted for funding reserve accounts as part of common expenses (Section 10.1)

Pets

Yes, owner of each unit may keep one small pet of normal domesticated household type (such as cat or dog) (Section 12.3)

Leasing & rentals

Yes, a unit owner may lease only his entire unit in accordance with Section 13 (Section 13)

Parking & vehicles

Boats, boat trailers, campers, travel trailers, mobile homes, motor homes, recreational vehicles, and the like may not be kept unless fully enclosed in garages (Section 12.6)

Insurance

Policies may provide for reasonable deductibles; deductible shall be paid by party liable for loss or responsible for repairs (Section 15.7(D))

Use restrictions

Each unit shall be occupied at any time by only one family, its servants and guests, as a residence and for no other purpose (Section 12.1)

Voting & meetings

Each unit owner has voting rights in the Association; shares in common elements are 1/37th per unit (Sections 6.1, 6.2(B))

Amendments

Not fully specified in this excerpt; references to amendment for condemnation and for changing declaration (Sections 17.8, 9.11 (mention of amendmen)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.